EXNESS - Analytics

    EXNESS

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    USDJPY: consolidation at the upper end of the range of 118,06-121,70

    Buy on a level breakthrough of 121.70 with 123.00 target. Stop loss = 121.00.

    Reason for the trading strategy

    Yesterday, Janet Yellen, the US Federal Reserve chairwoman, said that the economic recovery laid the groundwork for higher interest rates in December (for the first time in more than a decade), but the economic statistics should indicate that inflation will accelerate over time (up to 2% in annualized terms).

    USDJPY, Daily

    USDJPY


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